NUBURU, Inc. expects its stockholders' equity to materially exceed the $4.0 million requirement for continued listing on NYSE American, based on preliminary unaudited accounting data as of May 31, 2026. The company believes this reflects the impact of its strategy to use equity and equity-linked capital to reduce debt, lower preferred-share obligations, and strengthen common equity. This development is critical for NUBURU to maintain its listing status, particularly given its history of losses.

Alessandro Zamboni, Executive Chairman and Co-Chief Executive Officer of NUBURU, stated that while share count is a focus for investors, dilution can be positive when used to reduce liabilities and fund transformative assets. He highlighted investments in Lyocon, Orbit, SunCubes, and Tekne as part of the company's software-defined dual-use Defense & Security platform. Zamboni emphasized that the priority is converting capital-structure work into measurable outcomes under the transformation plan.

NYSE American Compliance Status

On May 12, 2026, NUBURU received a notice from NYSE American stating it was not in compliance with Section 1003(a)(ii) of the NYSE American Company Guide due to falling below the equity threshold. The exchange did not require a new compliance plan, and NUBURU continues to operate under its existing plan through October 29, 2026. Although the preliminary review suggests compliance, NUBURU has not yet received official notice from NYSE American. The company's securities remain subject to the '.BC' designation until the exchange completes its review of final financial information.

Preliminary Financial Assessment

The following table outlines the key compliance metrics based on the preliminary assessment:

The preliminary assessment was prepared by the company's accounting team on a combined consolidated basis. Consolidation adjustments, valuation work, and reviews by management, the Audit Committee, and an independent auditor are still pending. The company cautioned that this release does not include all disclosures required by U.S. GAAP and should not be considered a substitute for complete financial statements. Final results may differ materially from the preliminary assessment.

NUBURU, Inc. (NYSE: BURU) has updated its commercial pipeline for the LaserTech Business Line, raising the base 2026 revenue visibility to approximately $1.07 million and the best-case scenario to approximately $2.16 million. This increase is driven by an approximately $2.2 million quotation for a next-generation integrated blue-laser platform for autonomous terrestrial rovers. The unaudited commercial tracker as of June 30, 2026, reflects activity from Lyocon S.r.l., which NUBURU positions as its Photonics & Laser Factory. The figures demonstrate growing market adoption of the company's blue-laser technologies and support its Defense & Security platform strategy.

The proposed rover configuration utilizes ten 125-watt blue-laser modules installed on each vehicle, totaling 1.25 kW of proposed installed laser power per vehicle. This opportunity is staged between the fourth quarter of 2026 and the first quarter of 2027, assuming final customer approval and technical agreement. The quotation is not a signed order, contract, backlog, or recognized revenue. Euro-denominated amounts have been converted to U.S. dollars using a reference rate of 1.1591. The tracker is derived from local accounting records and has not been reconciled to U.S. GAAP.

Commercial Tracker and Financial Projections

The unaudited commercial tracker for the LaserTech Business Line highlights potential revenue upside compared to the baseline established in NUBURU’s NYSE Business & Compliance Plan. The company is not providing new consolidated revenue guidance through this update.

Strategic Operating Model

NUBURU’s platform-based operating model integrates specialized technology factories. Lyocon serves as the industrial and engineering base for laser-source design, optics, electronics, module assembly, integration, testing, and industrialization. The model allows each operating factory to generate standalone products and revenue while contributing reusable modules to integrated, customer-specific mission packages.

Other strategic components include Orbit for software and orchestration, the Maddox joint venture for deployable manufacturing, and the proposed acquisition of Tekne for defense mobility and systems integration. SunCubes S.r.l. remains a strategic technology partner for beam-control and optical-power technologies. These factory labels and the "LaserTech Business Line" designation describe NUBURU’s strategic operating model and do not establish new reportable segments.

NYSE Compliance Plan Context

For comparison, NUBURU referenced its NYSE Business & Compliance Plan, submitted to regain compliance with NYSE American’s minimum stockholders’ equity continued-listing standards. The plan’s laser-technology revenue line is approximately $967,000 in 2026, $2.03 million in 2027, $3.33 million in 2028, and $4.34 million in 2029. Management believes the current tracker demonstrates progress toward the 2026 objectives and highlights additional commercial opportunities not originally reflected in those projections.